{"id":15330,"date":"2024-07-18T16:48:35","date_gmt":"2024-07-18T13:48:35","guid":{"rendered":"https:\/\/forklog.com\/en\/btc-etf-inflows-continue-for-ninth-consecutive-day\/"},"modified":"2024-07-18T16:48:35","modified_gmt":"2024-07-18T13:48:35","slug":"btc-etf-inflows-continue-for-ninth-consecutive-day","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/btc-etf-inflows-continue-for-ninth-consecutive-day\/","title":{"rendered":"BTC-ETF Inflows Continue for Ninth Consecutive Day"},"content":{"rendered":"<p>On July 17, inflows into spot Bitcoin ETFs reached $53.35 million, marking the ninth consecutive day of positive momentum, according to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/p>\n<p>During this period, investors poured $1.97 billion into these instruments.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1111.webp\" alt=\"1-1111\" class=\"wp-image-237272\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Inflows into BlackRock&#8217;s IBIT amounted to $110.37 million, while Fidelity&#8217;s FBTC saw $2.83 million. Clients withdrew $5.99 million from Bitwise&#8217;s BITB.<\/p>\n<p>Other products recorded no changes.<\/p>\n<p>Total inflows <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">since the approval<\/a> of BTC-ETFs in January have reached $16.59 billion.<\/p>\n<p>Glassnode observed increased purchases of exchange-traded funds based on digital gold after the price fell below their average acquisition cost ($58,200).<\/p>\n<p>Previously, BlackRock CEO Larry Fink stated that Bitcoin is a legitimate financial instrument. In his view, the asset is suitable for investment during times of heightened fear.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 17, inflows into spot Bitcoin ETFs reached $53.35 million, marking the ninth consecutive day of positive momentum, according to SoSoValue. During this period, investors poured $1.97 billion into these instruments. Data: SoSoValue. Inflows into BlackRock&#8217;s IBIT amounted to $110.37 million, while Fidelity&#8217;s FBTC saw $2.83 million. Clients withdrew $5.99 million from Bitwise&#8217;s BITB. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,1145],"class_list":["post-15330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15330"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15329"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}